The More Things Change – – –


Fraud of the Century:

The Ponzi Scheme, 100 Years Later

In 1920, Boston’s Charles Ponzi gave a classic confidence trick its name. Why are investors still falling for such a notorious swindle?

On August 11, 1920, the scheme was exposed by The Boston Post.

Two days later, on Friday the 13th, Ponzi was in jail.

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